Banking Awareness Quiz Set 19

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Banking Awareness Quiz Set 19

1. Reserve Bank of India uses __________ to control inflation in our country.

A. Interest rate

B. Decrease the SLR

C. Increase in CRR

D. None of these

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2. It is a contract where both parties agree to buy and sell a particular asset of specific quantity and at a predetermined price.

A. Forward Contract

B. Swap

C. Futures Contract

D. Options Contract

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3. NIM stands for

A. Net Interest Margin

B. Net Involvement Margin

C. Net Involution Margin

D. Net Inflation Margin

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4. ___________ illustrates the financial position of a bank at a given point of time.

A. Balance sheet

B. Cash flow statement

C. Income statement

D. Audit

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5. ________ is used when describing the monthly charges on a mortgage.

A. BITI

B. CPI

C. DPI

D. PITI

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6. The first Indian bank to get ISO was ___________.

A. PNB

B. Canara Bank

C. SBI

D. Bank of Baroda

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7. Which bank introduced cheque system in India?

A. Presidency Bank

B. Imperial Bank of India

C. Bengal Bank

D. PNB

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8. A person who lends money against a pledged article which he or she is free to sell if the loan is not repaid within interest within a stated period is _________.

A. Dealer

B. Pawnbroker

C. Investor

D. None of these

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9. It is a tax which is levied at the same rate at all income levels.

A. Progressive Tax

B. Regressive Tax

C. Proportional Tax

D. Sales Tax

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10. A bond giving the investor the option to convert the bond into equity at a fixed conversion price is ________.

A. Coupon Bonds

B. Zero coupon Bond

C. Convertible Bond

D. None of these

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11. Treasury bills are issued by _________.

A. Commercial Banks

B. State government

C. EXIM Bank

D. RBI

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12. Which of the following does not include Priority Sector Lending?

A. Micro and Small Enterprises

B. Education

C. Housing

D. Insurance

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13. Which of the following appoints Banking ombudsman?

A. State Government

B. Union government

C. RBI

D. SBI

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14. CORE stand for _________.

A. Centre Online Real-time Exchange

B. Centralized Online Real-time Exchange

C. Computerized Online Real-time Exchange

D. Centralized Online Real-time Export

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15. If you are taking a housing loan by depositing your house documents by mortgaging your house it is known as ________________.

A. Mortgage

B. Pledge

C. Collateral

D. None of these

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16. Which of the following is not related to bill of exchange?

A. Endorser

B. Payee

C. Drawer

D. Drawee

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17. What is Multi city cheque?

A. Multi cheques paid

B. payable in any bank

C. payable in any branch of a particular bank

D. None of these

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18. Coins in India are minted at

A. Noida

B. Kolkata

C. A & B

D. None of these

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19. One percent of shareholding in NABARD is by

A. Union Government

B. RBI

C. NHB

D. None of these

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20. NEFT is used for Electronic Transfer of Funds between two bank accounts. Which of the following is not mandatory for NEFT transaction?

A. MICR Code

B. IFSC Code

C. Recipient’s Bank Account Number

D. Recipient’s Bank Account Name

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21. The Chit funds are regulated by ___ in India.

A. RBI

B. Government of India

C. State Governments

D. Local Bodies

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22. Bank for International Settlements which provides the Banking supervision accords is located in ________.

A. England

B. USA

C. France

D. Switzerland

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23. Banks borrow funds from which of the following to meet the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements as mandated by the Central bank?

A. Notice Money Market

B. Call Money Market

C. Bill Market

D. Money Market

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24. Which committee recommended the set up of Regional Rural Banks?

A. Nayak Committee

B. A P Shah Committee

C. Narsimhan Committee

D. Rangarajan Committee

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25. The apex Bank of the USA is

A. Central National Bank of USA

B. Federal Reserve Bank

C. Bank of America

D. Reserve Bank of USA

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26. If a company which is not NBFC wants to collect public deposits it is governed by which Act